In a major boost to public-private partnership in the power transmission sector, the Jharkhand government has announced projects worth Rs 5,180 crore, making it one of largest outlays ever for strengthening of the intra-state transmission system. The... Read more

2m

Business Standard India

NMDC to seek major investor in its first steel plantTop iron ore miner NMDC is looking to sell a stake of at least 49 per cent in i

Top iron ore miner NMDC is looking to sell a stake of at least 49 per cent in its Chhattisgarh steel plant, as it prepares to begin production at the 3 million tonnes (mt) facility in three to six months, according to a company official.
The... Read more

2m

Business Standard India

Flat producer JSW Steel to churn higher margins as against state-owned SAIL“Though July-September is typically a lean season for overall domestic steel de

“Though July-September is typically a lean season for overall domestic steel demand, consumption from the local automobile industry has been relatively better, along with exports, compared to the corresponding period last year,” said Rahul Prithiani,... Read more

For the past year or so, the rupee has seen a sustained uptrend versus the yen and dollar, though its performance versus the euro has been less convincing. On September 1, 2016, the rupee was trading at 66.96 to the dollar and 74.66 to the euro and... Read more

Soon, your neighbourhood banker would be able to offer you trading in derivatives of gold, crude oil or even some of the agricultural commodities. The Reserve Bank of India (RBI) has opened the way for large banks to enter commodity broking services,... Read more

The industry is facing a financial burden and significant outflow of capital on account of levy of higher GST rates on major segments of the manufacturing chain and requirement of upfront payment of GST, refunds for which can be claimed later. The... Read more

The ongoing fall in share prices and the rupee has pushed India's share of global market capitalisation (m-cap) to a seven-month low of 2.45 per cent. Since the beginning of September, India's pie in global markets has eroded around 20 basis points... Read more

The Economic Advisory Council to the Prime Minister (EAC-PM) was set up because a need was felt for an additional sounding board on economic issues that would report directly to Prime Minister Narendra Modi, apart from the NITI Aayog and the office... Read more

In a bid to revitalise falling private investment in the country, Commerce and Industry Minister Suresh Prabhu said the government has decided to form a review committee to examine and bring down the regulatory issues faced by industry.
While such a... Read more

In a blow to Prime Minister Narendra Modi’s pro-industry image, US giant General Electric on Tuesday said any move by the Indian Railways to wind up the company’s Marhowra diesel locomotive factory in Bihar would “undermine the government’s signature... Read more

After working for five decades at Larsen & Toubro (L&T), Group Executive Chairman A M Naik will finally hang up his boots and will become non-executive chairman. Naik, who joined the firm as an engineer, rose to become L&T’s most aggressive leader... Read more

3m

Business Standard India

Don't expect economic revival for 2 years: L&T chief A M NaikThe economy is unlikely to revive for the next two years, as the government wil

The economy is unlikely to revive for the next two years, as the government will be in “election mode” and private-sector companies grapple with a Rs 6.5-lakh crore debt problem, said Anil Manibhai Naik, outgoing Group Executive Chairman of India’s... Read more

3m

Business Standard India

Dealing with debt: DLF building on debt-free ambitionAt a time when several firms are facing insolvency, some have been able to rest

At a time when several firms are facing insolvency, some have been able to restructure their debt. In the second of a 4-part series, Business Standard looks at the realty major Late last month, DLF’s board of directors approved the sale of a 33.34... Read more

While Dabur’s products are already available in the US through ethnic stores, the firm is beginning direct supply to tap the e-commerce firm’s wider reach, said Krishan Chutani, executive director, Dabur India.
Initially, hair care products such as... Read more

Jose Trinidad walks on what's left of his home in Montebello, Puerto Rico in the aftermath of Hurricane Maria, Tuesday, Sept. 26, 2017. Five days after the Category 4 storm slammed into Puerto Rico, many of the more than 3.4 million U.S. citizens in... Read more

The Atlanta Journal-Constitution
Hurricane Maria’s devastation last week crippled the island of Puerto Rico, leaving its more than 3.4 million residents without electricity, running water and without communications.
» RELATED: How to help Hurricane... Read more

3m

Daily Pennsylvanian

Why students are suddenly posting so many memes of food trucks hiking up their pricesA minor uproar rippled through campus yesteray after students learned that many

A minor uproar rippled through campus yesteray after students learned that many of the food trucks on campus were raising their prices.
The vendors increasing their rates include New York’s Famous Gyros trucks located on the 37th block of Spruce... Read more

President Donald Trump is sending “America’s hearts and prayers” to people in Puerto Rico and the US Virgin Islands and says he will visit both places ravaged by Hurricane Maria next week.
He said a “massive” effort to help people recover from the... Read more

BILLINGS, Mont. - A utility company is asking Montana regulators to allow it to increase prices for natural gas for more than 84,000 customers in the state.
Montana-Dakota Utilities said Tuesday that the requested rate hike would increase a average... Read more

RIHCMOND, Va. (AP) - A state health actuary says health plan premiums are set to rise by an average of nearly 60 percent in Virginia's 2018 individual marketplace.
The Richmond Times-Dispatch quotes David Shea as telling lawmakers on Monday that the... Read more

A woman stands in the water as Hurricane Maria moves closer to North Carolina's Outer Banks on Tuesday, Sept. 26, 2017. Thousands of visitors abandoned their vacation plans and left the area as the hurricane moved northward in the Atlantic, churning... Read more

NEW YORK (AP) - Embattled Equifax CEO Richard Smith stepped down Tuesday, less than three weeks after the credit reporting agency disclosed a disastrous hack to its computer system that exposed the sensitive personal information of 143 million... Read more

WASHINGTON (AP) - The Latest on President Donald Trump and Puerto Rico (all times local):
4:30 p.m.
The Trump administration is sending additional resources to Puerto Rico to step up the federal response to Hurricane Maria, including a flotilla of... Read more

COLUMBUS, Ind.: For 15 consecutive years, Toyota Forklifts has earned the title of the world's top forklift supplier. Peerless Media Network recently released its Annual Top 20 Lift Truck Suppliers list, which ranks forklift brands based on worldwide... Read more

The Sprint innovation center in Burlingame, Calif. Lynn La/CNET
When it comes to competition in the US mobile market, federal regulators see four as the magic number. This fact alone could sink Sprint's rumored takeover bid for T-Mobile.
The Wall... Read more

SEATTLE: Avenue5 Residential, a multifamily property management services firm, announces that Lisa Ellis has been promoted to division president of the Northwest, effective immediately.
Ellis' enhanced role aligns with her steadily expanding... Read more

Jose Trinidad walks on what's left of his home in Montebello, Puerto Rico in the aftermath of Hurricane Maria, Tuesday, Sept. 26, 2017. Five days after the Category 4 storm slammed into Puerto Rico, many of the more than 3.4 million U.S. citizens in... Read more

President Donald Trump is sending “America’s hearts and prayers” to people in Puerto Rico and the US Virgin Islands and says he will visit both places ravaged by Hurricane Maria next week.
He said a “massive” effort to help people recover from the... Read more

A poll of 2,200 American citizens by Morning Consult found that just 54 percent of those polled knew that people born in Puerto Rico are actually American citizens.
The finding, first reported by the New York Times, comes after Puerto Rico was... Read more